Tuesday, October 17, 2017
Home The Bitcoin News Bitcoin Firm Elliptic and LexisNexis Bring Money Laundering Solutions to Bitcoin

Bitcoin Firm Elliptic and LexisNexis Bring Money Laundering Solutions to Bitcoin

Bitcoin Watch Shop
Advertised sites are not permitted by us. They might be unsafe, untrustworthy, or bootleg in your jurisdiction.

LexisNexis has assimilated army with bitcoin blockchain notice organisation Elliptic to shorten unlawful exchange with a cryptocurrency, according to reports from Reuters.

London-based blockchain startup Elliptic and LexisNexis are anticipating that with their use they can embody bank-grade Anti-Money Laundering (AML) regulations to a digital currency’s transactions.

Who is LexisNexis?

LexisNexis is a heading association that provides essential information to banks to belong to AML controls. It helps 50 of a tip 50 U.S banks to equivocate crime, relieve business risk, and comprehend regulatory compliance. By utilizing a database of 2.7 million tellurian entities, a association can establish who is concerned in unlawful transactions.

Working with Elliptic

In a bid to make bitcoin some-more appealing to people who wish to implement it for genuine reasons, LexisNexis has common their database with Elliptic.

Elliptic works with law coercion agencies and heading bitcoin companies and exchanges, tracking bitcoin transactions, enabling it to warning bitcoin exchanges and U.S. and European comprehension services who afterwards have a change to revoke a risk of theft, extortion, and income laundering.

Last month, Elliptic teamed adult with the

Read more ... source:

Advertise on the Bitcoin News

Do you like The Bitcoin News ? Thank you for Support us !
ETH: 0xa829E61Cc130b4f02fbfc9D7763361a550C7f824

Read previous post:
The Arduous Task of Regulating Bitcoin | Stratfor

<!-- Forecast Regulatory uncertainty will continue to inhibit the widespread adoption of cryptocurrencies. Though the U.S. federal government has made...